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Sydney's produce markets were located in Haymarket from the early 20th century through to the 1980s when they were moved to a new site at Flemington. Paddy's Markets still operate on part of the site of the vegetable markets as a produce and flea market. The 'Market City' complex contains the markets, The Peak apartment building, a modern shopping centre featuring a food court, restaurants, boutiques, specialty shops and entertainment options, such as a cinema and amusement centre.

The outer walls of the original vegetable market, built in 1909, were preserved and restored as an example of Edwardian architecture. They were part of the original city markets—designed by city architect C.Broderick—which were bounded by Hay Street, Quay Street and Thomas Street. They were built to replace the old Belmore Market, which had failed because it was too far from Darling Harbour.

The new markets included the Sydney City Markets building (Ultimo Road), designed by George McRae and built in 1910, and the Sydney Markets Bell Tower (Quay Street), built in 1911 and restored by the State Bank in 1985. The bell tower is now incorporated within the University of Technology Sydney.[2]

At the 2016 census, there were 7,353 residents in Haymarket. The median age was 27 years and 49.7% of people were aged 20–29 years. More than half of Haymarket residents were attending an educational institution, with the majority of these people attending a tertiary or technical institution. Just 8.3% of residents were born in Australia.[1] 87.8% of the population was foreign born in 2011, the highest for any Australian suburb.[5] The most common other countries of birth were Thailand 20.7%, China 18.9%, Indonesia 11.5%, Korea, Republic of (South) 5.0% and Vietnam 2.1%. 71.6% of people spoke a language other than English at home. The main languages spoken were Thai 20.4%, Mandarin 20.3%, Indonesian 10.2%, Cantonese 5.1% and Korean 4.8%. The most common responses for religion were No Religion 33.2% and Buddhism 30.5%.

99.8% of dwellings were flats, units or apartments. 47.8% of households renting their accommodation were paying more than 30% of household income as rent, compared to the NSW average of 12.9% and the Australian average of 11.5%.[1]